Denco, I think that $3.65 area is the key going forward, at least that's what I illustrate in my Part 2 SIRI update that I posted a little bit earlier...

Quote:

Originally Posted by denco1

Good Morning All......Tks for the updates Bass!....EDIT....Tks for the Charts RC!

It is interesting to see that 3.65 area come into play on your different anchor points in your update Bass. Check out my 3 month chart and our most recent run from 3.04 to 3.85. Just so happens that the 23.6% retrace shown by my green segmented line falls at that same point. Looks to be an important area for SIRI to BLASTOFF from.......I hope.:money:

Nice trade Slapshot, I didn't get my flat close, they gave us a little chump change. Have a great weekend all.

08-23-2013, 04:20 PM

denco1

Quote:

Originally Posted by Limit5Bass

Denco, I think that $3.65 area is the key going forward, at least that's what I illustrate in my Part 2 SIRI update that I posted a little bit earlier...

Quote:

Originally Posted by Redcloud

Nice trade Slapshot, I didn't get my flat close, they gave us a little chump change. Have a great weekend all.

Nice call RC. those 3.63s I picked up earlier today are tasting mighty sweet going into the weekend....:money:...Have a good one dog!!

Thanks for the updates BassMan!......Sure looks like that 3.65 area is a magnet of sorts......Glad to see a bit more upside before the start of corrective wave C if indeed that is the course the dog takes. Going into Holiday, Labor Day...a week from this Monday, SchnitzelMan likes to take time off and let the markets be happy so that the wealth affect will kick in and people will be more willing to spend freely and be out and about spending cash during the long Holiday Weekend. Therefore, maybe more upside in general for the next few days and then a downdraft going into the monthly jobs report after the Holiday....we'll see how it pans out.

Have a great weekend All........GLTA

EDIT: Those 2 SIRI updates are chock full of information Bass....Tks again for the info. and effort!!
I will need to re read them over the weekend to make sure I got it all straight....Have a great weekend.:cheers:

EDIT: Obviously, a break of 3.60 to the downside SUCKSBALLS as there is a triple bottom of support at 3.60. Next stop to the downside would be the 3.50-3.52 area.:poop:

08-23-2013, 05:00 PM

denco1

1 Attachment(s)

Very interesting Weekly candle formation. Looks like a hammer for the current week and a Harami Cross as well.

BassMan and other chartists care to chime in and confirm or deny?? This being the weekly chart might give a little more strength to the formation as last weeks daily failed to confirm the bullish reversal.......or did it:out:....:confused:

A close above $3.71 on Monday or Tuesday, which is the opening price of the 8/19/2013 candlestick, would indicate to me the uptrend is resuming for the short term. I would also like to see an intra-day high poke above $3.73, where my alert is set to notify me if it does……SIRI did close near the high of the day today and on increasing volume, both positive signs if not for now, the short-term trend after any immediate further push downwards

as I state in my SIRI update part 2 on my website though, I think SIRI will face a little more downward pressure before resuming its uptrend...

Quote:

Originally Posted by denco1

Very interesting Weekly candle formation. Looks like a hammer for the current week and a Harami Cross as well.

BassMan and other chartists care to chime in and confirm or deny?? This being the weekly chart might give a little more strength to the formation as last weeks daily failed to confirm the bullish reversal.......or did it:out:....:confused: